Tom Formanek, 54, took over as president of the Tire Industry Association (TIA) during TIA’s Global Tire Expo, part of the Specialty Equipment Market Association (SEMA) Show in Las Vegas.
A generational change in leadership is well underway in the tire industry. Baby boomers (currently age 51-70+), many of whom founded tire dealerships in the 1960s and 1970s, are in the process of retiring. In many cases, tire dealerships are being managed by GenXers (age 35-50), and now, even by millennials (under age 35).
At Redwood General Tire Service Co., half of the tires sold are V-rated and above. But not all of them are easy sales.
Today’s consumer demands vehicle performance considerably more than that of yesteryear. Coupled with the technological advancements in tires, consumers want a vehicle that is safe, comfortable and handles well. Today’s tires can do all of that without breaking the bank and this satisfies a high percentage of consumers.
Air pressure sensors, located in the wheels, transmit radio data signals to the central locking and antitheft system antennas. These signals are then directed to the TPMS control module.
Last December, Balkrishna Industries Ltd. (BKT) held grand opening ceremonies for its new off-highway tire plant in Bhuj, India. Modern Tire Dealer’s Editor Bob Ulrich was there and reported on the event in our January issue, along with several online reports.
At about this time of year, small business owners around the U.S. should be looking at their employee bonus program structure to see if the current system is driving the results intended and is keeping payroll in line with net profit expectations.
Every year the UK-based National Tyre Dealers Association (NTDA) holds its enthusiastically attended conference which from experience I have always considered to be a reliable measure of what is happening in the tire industry — not just in the UK but throughout Europe as the two markets are closely linked.
Full definition of retailing: The activities involved in the selling of goods to ultimate consumers for personal or household consumption.
According to the results of our survey, demand for replacement tires increased modestly in September despite a slightly adverse calendar shift. Indeed, from a volume standpoint the dealers reported they sold 1.1% more tires last month relative to the previous year, following a marginal increase in August and a slight decrease in July.
The faster the industry gets on board H.R. 4715, the better. It is legislation that we need in order to prevent, well, further legislation.
We asked members of our National Advisory Council (NAC) what was on their mind. They responded with: The election.
When a tire pressure sensor or control unit is replaced on a 2007-2013 Honda CR-V, or a known-good wheel is substituted, the ID(s) of all four tires’ sensors must be memorized by the TPMS control unit. After memorizing the sensor ID(s) or doing a tire rotation, the mounting location of sensors 1, 2, 3 and 4 must be determined. See reset procedures.